Full Service Limousine Service For Sale
Location Tennessee,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $750000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1997
Number of Employees 4 - 5
Inventory 5000
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 4 weeks training at no cost to new owner
Reason for Sale Other business interests
Description The business is a full service, direct to client, Limousine service in the Memphis area with 2011 sales at the $700,000 level, generating $200,000 for the owner. The business opened in 1997 and has been owned by seller for 15 years. Housed in a company owned 6,300 square foot building, the company has 16 limousines of varies types including stretch limos, Hummers, SUVs, buses, etc. The company caters mostly to Weddings, Proms, Special events like Elvis week, and some corporate clients. An ambitious new owner could target additional corporate accounts to increase revenues. The company sales effort, over the last 15 years, has focused on sales growth through multiple customers, and therefore is not dependent on a few large volume accounts.
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